Twilio Shares Pop As Analysts Continue To See Sharp Upside Post Q4

Analysts mostly raised their price targets on Twilio Inc TWLO post Q4 beat and continue to see sharp upside to the stock.
Macquarie maintained Twilio with an Outperform and raised the price target from $281 to $306 (51.5% upside).
KeyBanc analyst Steve Enders raised the firm's price target on Twilio to $320 from $283 (58.4% upside) and kept an Overweight.
The analyst notes the company reported Q4 revenue upside of $74.9 million versus consensus as organic growth accelerated to 39% year-over-year versus 38% last quarter and better than a guide of 22% year-over-year.
While concerns of sustained 30% growth likely abated near-term, concerns around gross margin could return, Enders says.
Mizuho analyst Siti Panigrahi maintained Twilio with a Buy and raised the price target from $250 to $300 (48.5% upside).
Canaccord analyst T. Michael Walkley lowered the firm's price target on Twilio to $455 from $510 (125.2% upside) and kept a Buy.
The analyst said the company should remain a long-term beneficiary of the new world order as it continues to execute its go-to-market strategy.
Given the mounting strength in Twilio's core business and expansion into new higher-margin segments from recent acquisitions, he believes the shares should remain a core long-term holding.
BTIG analyst Matt VanVliet raised the firm's price target on Twilio to $270 from $260 (33.7% upside) and kept a Buy.
The company saw strong growth across nearly every portion of the business, and its management remains very confident in its multi-year growth of at least 30% annually.
Needham analyst Ryan Koontz maintained Twilio with a Buy and lowered the price target from $400 to $350 (73.3% upside).
Price Action: TWLO shares traded higher by 3.32% at $208.71 on the last check Thursday.

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